The conversation around ERP is often laser-focused on data. But considering how ubiquitous data now is in every department/process within every type of enterprise, we need to look at both the data and all the users of that data.
The capabilities of accounting ERP software do not get enough credit for the way they reshape team dynamics and affect the quality of the work experience. This software is both a way to leverage the value of data and a way to optimize human resources at the same time. Here are a few of the most advantageous examples:
Streamline the Flow of Information
Despite all the communication tools now at our disposal, getting the right information in the right place at the right time is still a time and labor-intensive process that produces spotty results. Since accounting ERP brings all relevant data together on one platform, staff and managers never need to go hunting for the files and access they need. It eliminates a major waste of time and a significant source of confusion/frustration when information is truly on demand. Open lines of communication also create the conditions necessary for new and bold ideas to develop.
Maximize the Talent on the Team
One of the most significant features of accounting ERP is the ability to automate a number of routine and time-consuming processes. This helps to largely eliminate mistakes, and it also frees accounting staff to use their skills and experience rather than spend their days completing busy work. When people are valued for their talent, it has a major impact on morale while also positioning teams to achieve more.
Ensure Compliance at All Times
The threat of non-compliance is a shadow that hangs over accounting staff and managers at all times. It takes relatively minor mistakes to run afoul of regulations. And large amounts of resources are dedicated to the issue on an ongoing basis. Accounting ERP minimizes the burden of compliance while helping accounting departments to adapt to the mandates of new and evolving laws. Again, this reduces a major drain on energy and enthusiasm so that accounting teams can focus on more innovative and ambitious initiatives.
Reach Data-Driven Decisions
A lot is riding on every decision a manager makes, which is why data should always inform the decision-making process. Relying on intuition or momentum will always produce inconsistent results and unintended consequences. Accounting ERP offers an all-encompassing perspective on data along with tools for extracting insights, metrics, reports, and analytics. That way, managers can make the strongest decisions possible and then explain those plans to staff in a way the encourages enthusiasm and engagement.
Shift the Company Culture
When you combine all the ways that accounting ERP affects staff and managers, the sum is a major change in the way an accounting team, and possibly a whole company operates. The companies that embrace ERP understand how valuable data is and how challenging it is to manage. In the process, they demonstrates a deep respect for the time and value of all staff as well as a savvy understanding of the priorities of the present and future. Accounting ERP is the kind of resource that makes a company and its accounting staff stronger in every way. The positive impact that has on company culture is swift and lasting.
The decision to implement accounting ERP often comes up after a data issue. But when accounting teams are struggling to reach peak levels of individual or group performance, ERP should be an option on the table. After all, data is only as valuable as the teams who are using it.